Simon Property Group
SPG
Market cap $56.8B

174.35 USD

-0.68

0.39%

At close Oct 17, 4:00 PM EDT

After hours

174.35

+0.00

0.00%

1 day

-0.39%

5 days

3.20%

1 month

6.08%

3 months

12.56%

6 months

23.71%

Year to date

21.90%

1 year

58.28%

5 years

17.16%

About: Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 11 countries.

Employees: 3,000

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

27% more call options, than puts

Call options by funds: $373M | Put options by funds: $293M

24% more first-time investments, than exits

New positions opened: 104 | Existing positions closed: 84

13% more repeat investments, than reductions

Existing positions increased: 420 | Existing positions reduced: 371

3.39% more ownership

Funds ownership: 85.08% [Q1] → 88.46% (+3.39%) [Q2]

2% more funds holding

Funds holding: 1,057 [Q1] → 1,077 (+20) [Q2]

1% more capital invested

Capital invested by funds: $43.3B [Q1] → $43.7B (+$367M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 24 [Q1] → 24 (+0) [Q2]

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$155

11%

downside

Avg. target

$163

7%

downside

High target

$175

0%

upside

9 analyst ratings

2 positive

22%

7 neutral

78%

0 negative

0%

Evercore ISI Group Steve Sakwa 54% 1-year accuracy 30 / 56 met price target	1%downside $172	Outperform Upgraded	16 Sept 2024
Stifel Simon Yarmak 79% 1-year accuracy 15 / 19 met price target	9%downside $159	Hold Downgraded	12 Sept 2024
Piper Sandler Alexander Goldfarb 67% 1-year accuracy 20 / 30 met price target	0%upside $175	Neutral Downgraded	3 Sept 2024
Truist Securities Ki Bin Kim 75% 1-year accuracy 30 / 40 met price target	9%downside $158	Hold Maintained	28 Aug 2024
Evercore ISI Group Steve Sakwa 54% 1-year accuracy 30 / 56 met price target	8%downside $160	In-Line Maintained	28 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 20 articles about SPG published over the past 30 days

Dividend Harvesting Portfolio Week 189: $18,900 Allocated, $1,775.79 In Projected Dividends

The markets had a strong week with the S&P 500 and Nasdaq reaching new highs, driven by declining inflation and stable factory gate prices. The Dividend Harvesting Portfolio hit an all-time high in value and profitability, generating $39.12 in dividend income and increasing forward annualized dividend income to $1,775.79. My investment strategy focuses on generating recurring dividend income while mitigating downside risk, with a diversified portfolio yielding 7.54% and a yield on cost of 9.4%.

Dividend Harvesting Portfolio Week 189: $18,900 Allocated, $1,775.79 In Projected Dividends

3 High-Yield Stocks to Lock in Steady Income This Quarter

Now that the stock market is going into a new trend and cycle, sparked by the recent Federal Reserve (the Fed) interest rate cuts initiating a potential money shift over the next few quarters, investors might start to prefer safer spaces and stocks to put their capital into. Among all these preferences, the income aspect could make it to the top of the list now.

3 High-Yield Stocks to Lock in Steady Income This Quarter

Dwindling Buying Opportunities? 2 Inexpensive Stocks With Further Upside Potential In An Expensive Market

The ongoing bull market and potential for lower interest rates make high-quality, dividend-paying REITs like Simon Property Group and Realty Income attractive investments. Despite recent price appreciation, SPG and O offer upside due to strong fundamentals, cash flows, and earnings power in a lower rate environment. Realty Income's strategic investments, strong AFFO growth, and superior cost of capital position it for continued success and potential price appreciation.

Dwindling Buying Opportunities? 2 Inexpensive Stocks With Further Upside Potential In An Expensive Market

8 Dividend Stocks On My Buy List As Inflation Keeps Dropping

Disinflationary trends persist, with CPI showing a steady decline, despite media drama over slightly higher-than-expected figures; energy stocks remain attractive for long-term investors. Realty Income should consider breaking into smaller REITs for better growth. Protectionist tariffs hurt US manufacturing, and labor shortages loom globally.

8 Dividend Stocks On My Buy List As Inflation Keeps Dropping

2 Established Dividend Picks, Where We Can Forgive Past Mistakes

When enjoying sustainable portfolio income is the key objective, one of the most difficult things is to balance high yield with the risk of facing a dividend cut. If a company has made a cut in the past, the investment case might become quite unattractive for such investors. Yet, there could be justified exceptions as well.

2 Established Dividend Picks, Where We Can Forgive Past Mistakes

3 High-Yield Stocks to Lock in Steady Income This Quarter

Now that the stock market is going into a new trend and cycle, sparked by the recent Federal Reserve (the Fed) interest rate cuts initiating a potential money shift over the next few quarters, investors might start to prefer safer spaces and stocks to put their capital into. Among all these preferences, the income aspect could make it to the top of the list now.

3 High-Yield Stocks to Lock in Steady Income This Quarter

Zacks Investment Research

Simon Property Soars 17.4% Year to Date: Will the Trend Last?

Healthy demand for its premium properties amid a solid retail environment and focus on developing mixed-use assets are likely to drive SPG's stock.

Simon Property Soars 17.4% Year to Date: Will the Trend Last?

5 September Dividend Raises- Yield Up To 4.9%

September was a splendid month for my 85-stock portfolio with five dividend raises, enhancing the joy for dividend-loving investing. Duke Energy, MGE Energy, Simon Property Group, Union Pacific, and Broadcom all saw dividend increases, though some raises were modest and valuations varied. Despite some stocks being overvalued, the portfolio's 6.4% forward high-yield and 16.47% YTD performance affirm the strategy of quality dividend growth.

5 September Dividend Raises- Yield Up To 4.9%

Simon® Announces Date For Its Third Quarter 2024 Earnings Release And Conference Call

INDIANAPOLIS , Oct. 4, 2024 /PRNewswire/ -- Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced details for its third quarter earnings release and conference call. Simon's financial and operational results for the quarter ending September 30, 2024, will be released after the market close on November 5, 2024.

Simon® Announces Date For Its Third Quarter 2024 Earnings Release And Conference Call

Dividend Stocks With Strong Q4 Seasonality

Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have been the best Q4 performers over the last ten years. 2024 has been a strong year already for high-yielding stocks, and now they have Q4 seasonality as another tailwind.

Dividend Stocks With Strong Q4 Seasonality

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